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Tag: February 2022

Catalyst = 20% lower consumption & 10% higher power for Eurodrone

Catalyst – 100% European development without any US licenses. Ecologically more effective thanks to 20% lower consumption and 10% higher power. This means three more hours of time in the air,  which can be decisive in various defense actions and even save lives.     Within a few weeks, Airbus Defense and Space will have […]

The post Catalyst = 20% lower consumption & 10% higher power for Eurodrone appeared first on Aerospace.

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021

The Lightning Network provides instant payment transfers/settlement times, scalability, low costs/fees, and works across blockchain with the same cryptographic hash function The Network’s capacity grew from 1,089 BTC to 3,479 BTC in 12 months LQwD’s active public nodes on the Lightning Network include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. and … Continue reading "LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021"

The post LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021 appeared first on CryptoCurrencyWire.

GALA Prices inside a Bull Flag, Surges 11% as Buyers Target $0.38

GALA Technical Analysis

GALA bulls are upbeat, adding 11 percent in the previous week of trading against the USDT. The token could break above $0.27 and rally to February 2022 highs. Past Performance The GALA price remains in consolidation inside a bull flag considering gains over the past few months. GALA has been stable in the past 24 hours but is up 11 percent in the previous trading week. Overall, bulls are in a commanding position, sustaining prices inside the broader ascending wedge with clear support at $0.21 marked by March 16 lows. GALA Technical Analysis The path of least resistance is northwards based on the recent price performance. Technically, GALA prices are consolidating, trading inside a narrow $0.07 trade range with caps at $0.27 and $0.20 on the upper and lower ends. There has been confirmation of the bullish engulfing bar of March 16, suggesting strength. Aggressive traders can load the dip inside the March 16 trade range above $0.20 with targets at $0.27 and later $0.38—marking February 2022 highs. What to Expect Blockchain gaming and NFTs are finding widespread adoption—a fundamental factor supporting GALA bulls in the long haul. The immediate resistance level is at $0.27. However, if prices crash below $0.20, the token may drop towards 2022 lows of $0.17.

The post GALA Prices inside a Bull Flag, Surges 11% as Buyers Target $0.38 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Planning order removes consent requirement for adding solar to homes in Chelsea and Kensington

Residents in Kensington and Chelsea will no longer need to apply for individual consent to have solar panels fitted on their listed homes in what appears to be a UK first. Much of the borough is within conservation areas, with around 4,000 listed buildings. Until now, all owners of listed buildings required individual listed building […]

Free Fire Ban Won’t Be Reversed Says Top Sources In The Government: Report

Free Fire is one of the most dominant mobile gaming launched for all mobile game lovers. But the game was banned in February 2022, along with 53 other apps that are said to originate from China. Although it has more than a month, the game has not made its way back to the devices. The […]

The post Free Fire Ban Won’t Be Reversed Says Top Sources In The Government: Report appeared first on TalkEsport.

Big Push to Reform Cannabis Banking Regs Renewed Ahead of Midterms

Members of the cannabis industry are intensifying their push to get a banking reform bill passed ahead of the November midterm elections. Industry members are fearful that a potential GOP […]

Asia-Pacific’s medical devices industry saw a drop of 7.32% in deal activity during February 2022

Asia-Pacific’s medical devices industry saw a drop of 7.32% in deal activity during February 2022, when compared with the last 12-month average, led by Bain Capital Private Equity’s $556.1m for 60.8% stake in Classys, according to GlobalData’s deals database. Embed this chart Embed this chart into your website Copy and paste the image source into …

The post Asia-Pacific’s medical devices industry saw a drop of 7.32% in deal activity during February 2022 appeared first on Medical Device Network.

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Medical Devices industry deals total $3.8bn globally in February 2022

Total medical devices industry deals worth $3.8bn were announced globally for February 2022, with the $556.1m private equity deal for 60.8% stake with Classys being the sector’s biggest investment, according to GlobalData’s deals database. Embed this chart Embed this chart into your website Copy and paste the image source into your website to display the …

The post Medical Devices industry deals total $3.8bn globally in February 2022 appeared first on Medical Device Network.

Medical Devices industry venture financing deals total $370.8m in Europe in February 2022

Total medical devices industry venture financing deals worth $370.8m were announced in Europe in February 2022, led by $105m venture financing of MindMaze, according to GlobalData’s deals database. Embed this chart Embed this chart into your website Copy and paste the image source into your website to display the chart. The value marked a decrease …

The post Medical Devices industry venture financing deals total $370.8m in Europe in February 2022 appeared first on Medical Device Network.

PropTrack New Homes Report – March 2022

Enquiries for properties on realestate.com.au decreased in February 2022, with new home enquiries dropping further ...

The post PropTrack New Homes Report – March 2022 appeared first on realestate.com.au.

The Tale of Cryptocurrency Staking and Taxation In the Eyes of Financial Regulators

The Tale of Cryptocurrency Staking and Taxation In the Eyes of Financial Regulators

Cryptocurrencies have grown over the past time to reach new heights and a market capitalization that cannot be ignored. Consequently, more people have joined in the hype, ranging from developers, investors, and founders of various crypto-based projects. Over time, more use cases for crypto come up to sustain their growth and lead the world to the next finance phase. Among them, staking has grown and become common over the past year as Proof-of-Stake rose.  Staking is a way of rewarding participants in the blockchain system. Through staking, users assist in validating transactions in the blockchain hence minting additional coins through the digital assets they own.  Stakers, on the other hand, face an unclear tax regulatory landscape in terms of taxation of their activity on PoS platforms. Since the IRS has not issued clear guidance on staking rewards, taxation has been contentious for many years. Since the IRS did not provide this guidance, many taxpayers opted to report income when they received rewards. Crypto Staking on Blockchain PoS networks are decentralized, so they do not have a central authority to oversee transactions. To ensure that transactions are conducted properly, they rely on a consensus mechanism that enables participants to verify transactions. Notably, validators provide the consensus of the PoS system. To become a validator, users must submit a transaction to the network. The network will randomly select validators based on their percentage of crypto assets. Those not chosen will attest to the validity of transactions contained within the block proposed by the chosen validator. Validators are rewarded for creating new blocks and performing good faith transactions. If they fail to do so, they risk losing their crypto assets. Validators who implement this approach add new blocks to the blockchain, which keeps the network’s integrity intact. Taxation Efforts Through Notice 2014-21 Currently, no financial regulator has enacted any tax guidance on cryptocurrency staking. However, the IRS Notice 2014-21 states that any taxpayer engaging in “mining” virtual currency is liable to ordinary income tax on the additional virtual currency obtained from such operations. Mining, in this case, is the process by which blockchain is verified by proof of work. It entails solving mathematical computations through computers. On the other hand, the Revenue Ruling 2019-24 states that an “airdrop” of new crypto after a hard fork results in income. However, there is a condition that taxpayers should have total dominion over the cryptocurrency at the time of the airdrop. In light of the Service’s position in the Notice, a more conservative place would define stakers recognizing gross ordinary income upon receiving reward tokens. Despite the differences between mining and staking, both involve creating and validating blocks on a network. To this end, it would be more appropriate to view the “staking” of crypto assets as a process of entry into the crypto community rather than an investment instrument with a capital return. Deductibility of Expenses Another factor to examine is the deductibility of staking-related expenditures. In the lack of specific IRS guidance, the answer appears to be whether a taxpayer’s staking operations qualify as a trade or business. If the activities are related to a trade or a business, these expenses should be deductible. Generally, a taxpayer should only consider the time and effort involved in carrying out the activities. However, if the IRS considers the activities a hobby, these expenses are not deductible. Likewise, if the taxpayer engages in investment activities, these expenses are not deductible. The Jarrett v. U.S. Case Sheds More Light Another milestone in taxation in crypto is the Jarrett v. U.S. case. Joshua Jarrett staked his existing Tezos tokens on the Tezos public blockchain in 2019, whereby he contributed to creating new blocks. He made a total of 8,876 Tezos tokens due to Jarrett’s staking rewards. The value of Jarrett and Jessica’s staking rewards was reported as ordinary income on their 2019 joint federal income tax returns, and they paid taxes accordingly. In July 2020, the couple filed an amended tax return claiming that their rewards were not taxed. The IRS did not respond to their request for a $3,793 refund. This move prompted the pair to sue for a refund in 2021. The U.S. Department of Justice told the Jarretts that the IRS would refund the amount with interest. However, they rejected the offer due to the agency’s failure to provide a reason for the refund. The trial in the case has been scheduled for March 2023. However, in February 2022, the government indicated that it would ask the judge to dismiss it because it was moot. Not so Good News? The IRS’s refund offer has raised concerns about the taxation of certain types of rewards. First, the IRS’s decision not to pursue a case involving staking rewards suggests that the agency believes that these are taxable. Hence, getting a better case elsewhere.  The … Continued

The post The Tale of Cryptocurrency Staking and Taxation In the Eyes of Financial Regulators appeared first on Cryptoknowmics-Crypto News and Media Platform.

Europe’s mid-sized businesses mostly weathered COVID-19 storm

Although the final restrictions of the COVID-19 pandemic have almost been lifted, its effect continues to mark the UK SME landscape.

The post Europe’s mid-sized businesses mostly weathered COVID-19 storm appeared first on LendIt Fintech News.

KDnuggets Top Posts for February 2022: The Complete Collection of Data Science Cheat Sheets

Also: 7 Steps to Mastering Machine Learning with Python; How to Learn Math for Machine Learning; The Not-so-Sexy SQL Concepts to Make You Stand Out; and more!
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